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Golden Minerals on Track with 1st Quarter 2021 Gold-Silver Production

Nachrichtenquelle: globenewswire
19.04.2021, 12:50  |  236   |   |   

GOLDEN, Colo., April 19, 2021 (GLOBE NEWSWIRE) -- Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) is pleased to announce first quarter 2021 production results from its Rodeo gold-silver mine in Durango State, Mexico.

  • 1,559 gold equivalent ounces produced in gold-silver doré while ramping up production in the quarter
  • 1,054 gold equivalent ounces of doré sold in the first quarter
  • On track for annual production of 12,000 to 14,000 ounces gold in 2021

Golden began mining activities at the Rodeo site in December 2020, followed by the commencement of processing operations in mid-January 2021 at a rate of approximately 200 tonnes per day (“tpd”). The mine was brought online approximately two weeks ahead of schedule and on budget.

Production results for the quarter ending March 31, 2021 are on target with Rodeo’s 2021 mine plans and are shown as follows:

Payable gold equivalent produced in doré (oz) 1,559
Payable gold produced in doré (oz) 1,390
Payable silver produced in doré (oz) 11,289
   
Gold equivalent sold in doré (oz) 1,054
Gold sold in doré (oz) 909
Silver sold in doré (oz) 9,698
   
Total tonnes mined1 171,905
Total tonnes in stockpiles awaiting processing2 6,746
Total tonnes in low grade stockpile3 26,410
Tonnes processed 18,791
Average tonnes per day processed 209
   
Gold grade processed (g/t) 3.0
Silver grade processed (g/t) 14.3
   
Plant recovery - gold (%) 84.3
Plant recovery - silver (%) 86.6
   
Average realized price, before refining and selling costs
Gold in doré ($/oz) $1,721
Silver in doré ($/oz) $25.76
   
Gold equivalent based on realized $ Au and $Ag price.

(1) Includes all mined material transported to the plant, stockpiled or designated as waste

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Golden Minerals on Track with 1st Quarter 2021 Gold-Silver Production GOLDEN, Colo., April 19, 2021 (GLOBE NEWSWIRE) - Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) is pleased to announce first quarter 2021 production results from its Rodeo gold-silver mine in …

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